Three employees of AP Logistics Limited have been arraigned at the Igbosere Magistrate’s Court, Lagos, for allegedly misappropriating diesel valued at ₦15,527,200 entrusted to them by their employer.
The accused, Samson Olaosebikan (39), Babatunde Braimoh (38), and Ahmed Lawal (31), reportedly diverted proceeds from the sale of 2,160 litres of diesel for personal use and subsequently went into hiding.
According to the prosecution, Olajumobi Orioye, a representative of AP Logistics Limited, had assigned the suspects to sell the diesel and remit the earnings to the company’s account. When the funds were not accounted for, the company petitioned the Force Criminal Investigation Department (FCID) at Alagbon, Lagos, which led to the suspects' arrest.
Police prosecutor S.A. Ogala stated that the offences, committed between August and October 2024 at 343 Bornu Way, Alagomeji, Yaba, Lagos, contravene Sections 411 and 287(7) of the Lagos State Criminal Law, 2015.
The defendants pleaded not guilty to the charges of conspiracy and theft. Chief Magistrate B.A. Sonuga granted them bail of ₦500,000 each, requiring two sureties in like sum.
Until their bail conditions are fulfilled, the court ordered their remand at the Ikoyi Correctional Facility. The case has been adjourned for further hearing.
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